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March 29, 2022

The BSE Sensex closed the shop at 57,943 Up by 350 points and the Nifty close the day at 17,325 by Adding 103 points.

On the Upside:-HDFC,, Eichermotor, Divislab, Adaniport
On the downside: – Heromotoco, Ongc, Coalindia, Ioc

Macro View: – We have witnessed positive gap up opening, where; The Nifty open gap up around 50 points above , after opening we have witnessed some sell off but specially after in second session market have shown recovery, where; the BSE index was closed at 57,943, up 350 points, while the broader 50-share index ended at 17,325, up 103 points..

Sectoral, The Nifty Media index dipped over 1 %, followed by the Nifty PSU Bank index, down 0.7%. The Nifty Pharma index added 1.5 %, and the Nifty Financial Services gained 1%

Technical:-Nifty have formed strong Bullish Doji sort of candle, which clearly indicate market is in confusion mode. Nifty is trading above 50EMA, Nifty has reach to its resistance zone as previous 4 to 5 session nifty have resisted this level, therefore; 17350-17450 will be acting as a major hurdle to reach 18000 level, And 17200-17000 will be act as a support. Breakout above resistance level can get 18000 mark.

European & USA markets: @ IST 4:30 European markets were trading at Positive note. Where the Germany’s DAX trading Positive 2.05%, other hand France’s CAC40 index running Positive by 2.60 %where, England’s FTSE100 index Positive by 1.38.%.
Where; wall street @ IST 04:30The DOW future contract trading Positive 124 points, S&P 500 Future trading Positive 15 points, Where; Nasdaq100 future Positive 42 points.
Global News Analysis:
UKRAINE: Ukrainian and Russian diplomats are discussing a possible ceasefire in talks that resumed in Istanbul, Turkey, on Tuesday morning; newswires quoted an aide to the Ukrainian president as saying.
LONDON :- Crude prices tumbled on Monday on China’s unexpected lockdown of its Shanghai financial hub over a Covid scare and extended losses in post-settlement after the Financial Times reported that Russia was no longer demanding Ukraine be ‘denazified’ in ceasefire talks.
CHINA: China’s financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surging COVID-19 cases.